Ministry supports green shipping financially
PORTS & SHIPPING

Ministry supports green shipping financially

The Ministry of Ports, Shipping, and Waterways (MoPSW) announced that a 30 percent financial support would be provided for the promotion of green shipping. It was also stated that a single-window portal would be developed to facilitate and monitor river and sea cruises. Sarbananda Sonowal, the Minister of Ports, Shipping, and Waterways, made five significant announcements during the ministry's second Chintan Shibir held in Munnar, Kerala, focusing on green shipping and the digitization of ports.

The "Panch Karma Sankalp" includes MoPSW providing 30 percent financial support for the promotion of green shipping. Additionally, Deendayal Port and VO Chidambaranar Port in Tuticorin will be developed as a Green Hydrogen Hub. Jawaharlal Nehru Port and VO Chidambaranar Port in Tuticorin are set to become smart ports by next year.

The ministry initiated its Chintan Shivir in Munnar, Kerala, to establish targets and discuss ideas to make India Atmanirbhar (self-reliant) in the maritime sector.

Sonowal further mentioned that he would review the progress regarding these targets in a mid-year Chintan after a few months. He also emphasised that strict action might be taken in case of any project completion delays.

On the second day of the Chintan Shivir, the focus shifted to improving port administration, standardisation, cargo handling in major ports, and strategies to enhance cargo, VGF (Viability Gap Funding), and PPP (Public-Private Partnership) in Inland Waterways and Coastal Shipping.

The statement highlighted that the implementation of various initiatives, in conjunction with the development of coastal berths infrastructure under the Sagarmala program, has resulted in a significant increase in cargo movement through coastal shipping.

Also read:
Machilipatnam port to be revived after 200 years
JSW Infra to boost container capacity at New Mangalore Port


The Ministry of Ports, Shipping, and Waterways (MoPSW) announced that a 30 percent financial support would be provided for the promotion of green shipping. It was also stated that a single-window portal would be developed to facilitate and monitor river and sea cruises. Sarbananda Sonowal, the Minister of Ports, Shipping, and Waterways, made five significant announcements during the ministry's second Chintan Shibir held in Munnar, Kerala, focusing on green shipping and the digitization of ports. The Panch Karma Sankalp includes MoPSW providing 30 percent financial support for the promotion of green shipping. Additionally, Deendayal Port and VO Chidambaranar Port in Tuticorin will be developed as a Green Hydrogen Hub. Jawaharlal Nehru Port and VO Chidambaranar Port in Tuticorin are set to become smart ports by next year. The ministry initiated its Chintan Shivir in Munnar, Kerala, to establish targets and discuss ideas to make India Atmanirbhar (self-reliant) in the maritime sector. Sonowal further mentioned that he would review the progress regarding these targets in a mid-year Chintan after a few months. He also emphasised that strict action might be taken in case of any project completion delays. On the second day of the Chintan Shivir, the focus shifted to improving port administration, standardisation, cargo handling in major ports, and strategies to enhance cargo, VGF (Viability Gap Funding), and PPP (Public-Private Partnership) in Inland Waterways and Coastal Shipping. The statement highlighted that the implementation of various initiatives, in conjunction with the development of coastal berths infrastructure under the Sagarmala program, has resulted in a significant increase in cargo movement through coastal shipping. Also read: Machilipatnam port to be revived after 200 years JSW Infra to boost container capacity at New Mangalore Port

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement